Like Chap. 4 , this chapter is dedicated to the sellers’ obligations to provide insurance to the buyer at common law, which makes the obligations the same as under Incoterms. The chapter treats the subject under the following Insurance Policy; Other role of the policy; Insurance as a Marine Cargo Policy; Insurable Interest in the Policy; American CIF Policy under Acceptant of the Common Law Obligations; Preliminary Issues in the CIF Policy; Assignment of the CIF Policy; The Minimum Cover vs the “All Risks” Policy; Express vs Implied Value Cover; Implied vs Sufficient Value; The Minimum 110% vs Maximum Coverage Policy; The Included vs the Excluded Policy Costs; The Arrival vs Shipment Value; Whether CIF Buyer is entitled to Notice to insure unusual risk; Duration of the CIF Policy; Relationship of Domestic to Foreign Policy; Constitution of the Valid vs Approved Policy; Other Insurance Considerations; Damages for Breach of Insurance Obligations; “Further Food for Thoughts”; Concluding Remarks; References; and Further Readings.